I dont know from experience of course...
But the reason weight means everything for raceboards, is because they move when riding ON the water, up and down both when going at speed or for pumping onto a plane.
This swing weight is a catastrophe for performance, especiallly in chop and waves.
That is what we all know from personal experience too, and goes for surfboards and windsurfboards too.
I dont think the same applies to hydrofoil boards.
If heavy they will feel wrong yes, and bad when maneuvering of course.
But for going at speed, I think stiffness is important, and weight might not have any downsides.
Meaning, a heavier board that is more stiff, is faster.
A few designers have said they experienced this too - stiffness improving the top speed even if heavier.
As we ride through the water and not bouncing up and down like other vessels
Might be different if big chop waves if going more up and down, but whether it improves speed or the opposite in such conditions is hard to say.
I think (but dont know) stiffness of the board is what matters the most on a hydrofoil, in contrast to raceboards where low swing weight (and stiffness) are extremely important.
PF